Victory Giant’s IPO Soars 60% on $2.6B Raise Fueling Nvidia AI
Victory Giant Technology's Hong Kong IPO surged 60% after raising $2.6 billion, with shares climbing to HK$336.20 and $997 million committed by 37 cornerstone investors. The Nvidia partner reported 19.3 billion yuan in 2025 revenue and plans to deploy 75% of proceeds for China capacity expansion targeting 70% growth by 2026.
1. IPO Performance
Victory Giant Technology priced its shares at HK$209.88 and raised $2.6 billion, with first-day trading peaking at HK$336.20, a 60% increase that underscores strong investor demand.
2. Nvidia Partnership
The company supplies high-density interconnect and multi-layer printed circuit boards for AI servers used by Nvidia, positioning it at the core of expanding AI infrastructure demand.
3. Financial Results
It reported 19.3 billion yuan in revenue for 2025 and analysts project as much as 70% growth by 2026 based on expanding orders and market momentum.
4. Proceeds Allocation
Management plans to invest 75% of IPO proceeds in expanding manufacturing capacity in China, with the remainder earmarked for facility growth across Southeast Asia.